These efforts include annual expenditures of $700 million in tax credits to promote clean technologies, $3 billion in research on new clean technologies and $200 million to transfer clean technology to developing countries. In the United States, industry is on course to meet the administration’s goal of reducing annual emissions of greenhouse gases per 1.5 percent per unit of GDP.

The administration also raised vehicle fuel efficiency standards for the first time in nearly 30 years. The modest increases should not result in people being forced into less safe vehicles, but will improve vehicle efficiency and thus lower greenhouse gas emissions.

[...]In conjunction with industry, the U.S. government has taken the lead in research into carbon sequestration technologies. As a result the oil and gas industry annually pumps tons of carbon dioxide underground. This removes carbon from the atmosphere while boosting yields from marginal oil and natural gas fields.

Finally, the Bush administration crafted an international treaty turning the powerful greenhouse gas, methane, into a marketable product.

Department of Energy projections show that by 2015, the Methane to Markets program will remove 1 percent of all greenhouse gases that humans emit into the atmosphere.

This is the equivalent of taking 33 million cars off the road, or shutting down 50 coal-fired power plants or heating 7.2 million homes. In contrast to Kyoto, the program also produces some very tangible economic benefits.